Abilit, Fancl, Kobe Bussan, Ministop, Monex, Toyoda Gosei: Equity Preview

The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.

Abilit Corp. (6423 JO): Konami Corp. (9766 JT), a Japanese video game developer, will acquire Abilit, a pachinko-machine maker, in a stock transaction on Jan. 1. Konami will offer 0.052 of a share for each in Abilit share, according to a statement to the Tokyo Stock Exchange. Abilit surged 17 percent to 81 yen. Konami declined 1.8 percent to 1,490 yen.

Asahi Co. (3333 JT): The bicycle retailer’s first-half net income dropped 7.5 percent to 1.39 billion yen ($16.3 million) on a parent basis because of higher sales administration costs. Sales increased 4.9 percent. The stock fell 0.1 percent to 1,227 yen.

Fancl Corp. (4921 JT): The maker of cosmetics and nutritional supplements said sales in August fell 8.8 percent to 7.13 billion yen from a year earlier. The stock lost 0.6 percent to 1,369 yen.

Kobe Bussan Co. (3038 JO): The supermarket operator boosted its full-year net income forecast by 35 percent to 1.15 billion yen. The company also raised the planned yearend dividend to 40 yen from 30 yen. The company also said it plans to spend as much as 360 million yen to buy back up to 2.27 percent of its outstanding shares. The stock advanced 0.4 percent to 1,430 yen.

Ministop Co. (9946 JT): The convenience-store operator booked 2.1 billion yen in net income for the six months to Aug. 31, beating the company’s forecast by 17 percent, citing strong sales of products for summer and lower administration costs, according to a preliminary earnings statement. The stock gained 0.1 percent to 1,220 yen.

Mitsubishi Electric Corp. (6503 JT): The electronics maker said it plans to pay a midterm dividend of 5 yen. The stock slipped 0.1 percent to 711 yen.

Mitsubishi Materials Corp. (5711 JT): The copper producer may have a group net profit in the half-year ending in September, with the recovery slowing in the second half, Nikkei English News said, citing an interview President Hiroshi Yao. The stock slipped 0.8 percent to 239 yen.

Mitsui & Co. (8031 JT): The trading company said it agreed to lend $250 million to Grace Ocean Private Ltd. of Singapore to buy vessels, according to a statement on Mitsui’s website. Mitsui gained 0.3 percent to 1,195 yen.

Monex Group Inc. (8698 JT): The provider of investment services plans to sell at least 140,000 shares in Japan to raise 4.67 billion yen, according to a statement to the Tokyo Stock Exchange. Citigroup Inc. (C US) will reduce its stake in Monex Group to 3.6 percent from 20.6 percent in a share sale to the public, Monex said in a statement. The company separately said it decided to pay a midterm dividend of 300 yen. Monex tumbled 5.4 percent to 30,650 yen.

Morinaga & Co. (2201 JT): Kokubu & Co. will buy an ice cream wholesaling unit from Morinaga by the end of the year, Nikkei English News reported. Morinaga’s shares rose 1 percent to 201 yen.

Nissei Corp. (6271 JT): The maker of precision equipment increased the planned first-half dividend to 7 yen from 5 yen. The stock was unchanged at 685 yen.

Panasonic Corp. (6752 JT): The electrical company plans to avoid issuing new shares as part of its buyouts of Sanyo Electric Co. and Panasonic Electric Works Co. and will use its cash and loans to finance the purchases, Nikkei English News reported. The shares slipped 0.4 percent to 1,111 yen.

Sumitomo Mitsui Financial Group Inc. (8316 JT): Japan’s second-largest publicly traded bank has no immediate plans to increase its capital to achieve new banking requirements decided this month in Basel, Switzerland, said Chairman Masayuki Oku. The stock increased 0.7 percent to 2,628 yen.

Suzuki Motor Corp. (7269 JT): The automaker plans to invest 40 billion yen for factories, Nikkei English News reported, citing a government official it didn’t identify. The stock gained 0.5 percent to 1,846 yen.

Tokyo Electric Power Co. (9501 JT): The utility company, known as Tepco, plans to spend 1 trillion yen on overseas expansion through fiscal 2020, focusing on China, India and Vietnam, Nikkei English News reported, citing President Masataka Shimizu. The shares rose 1 percent to 2,381 yen.

Toyoda Gosei Co. (7282 JT): The auto-parts maker and Taiwan’s Epistar Corp. (2448 TT) agreed to form a light-emitting diode venture in Taiwan, according to a statement on Toyoda Gosei’s Web site. Toyoda will take the majority stake in the venture, which is scheduled to start operations on Nov. 1. The venture will target sales of 5 billion yen by the end of fiscal 2011. Toyoda Gosei retreated 1.4 percent to 1,995 yen.

TV Tokyo Corp. (9411 JT): The TV broadcaster’s revenue in August fell 2.4 percent to 6.89 billion yen on a parent basis, compared with a year earlier. The stock slid 0.9 percent to 1,534 yen.

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Anna Kitanaka in Tokyo at akitanaka@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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